What do we do with all this money?
With $4 billion in capital raised in ICOs, and very little utility value to show for it, it’s tempting to call token offerings a bubble.
However, the more likely truth is that the same forces that gave rise to today’s paradigm-shifting technologies are at play in the world of crypto. And that while we may be entering bubble territory, the key difference between tulips and crypto is how speculative capital was deployed – the former into manufacturing an asset and the latter into technology development.
Read full article here: https://www.coindesk.com/cryptocurrency-icos-what-do-we-do-with-all-this-money/